The Nigerian Exchange Limited has sanctioned 16 companies for various market infractions in three years, according to findings bySpecifically, the NGX imposed the sum of N779.5m fine on LASACO Assurance Plc, Presco Plc, Ardova Plc, C&I Leasing Plc, and 12 other listed companies on the bourse between 2020 and 2022.
Fourteen of the companies were sanctioned N170.6m in 2022, while the NGX imposed N586m monetary sanctions on seven of them in 2021. In 2020, three of the firms were sanctioned N22.9m. In 2022, the Exchange imposed N14.9m fine on Coronation Insurance, followed by N11.6m and N9.7m fines imposed on C & I Leasing and Ardova, respectively.
Investments in Nigeria is not safe at all I have invested now with AgropartnersHQ for 1 year and 5 month plus my capital and the returns they haven’t given anything back it so frustrating